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Reading: Significant Gains and Losses in the Cryptocurrency Market This Week
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COINTURK NEWS > Altcoin News > Significant Gains and Losses in the Cryptocurrency Market This Week
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Significant Gains and Losses in the Cryptocurrency Market This Week

In Brief

  • Core token leads with a 54% increase this week.

  • Bonk and Sui among top three gainers, showing notable rises.

  • Nervos token experiences significant losses during the same period.

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COINTURK NEWS 2 years ago
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Last week was dominated by the Bitcoin (BTC) halving event, but it was a remarkable week for the winners. At the top of the winners’ list was a token called Core, while a token named Nervos was among the biggest losers.

Contents
CORE’s 54% IncreaseBONK Price Analysis

CORE’s 54% Increase

Core (CORE) has been performing well consistently over recent weeks but took the lead in last week’s winners list. According to CoinMarketCap, its price increased by more than 54% last week, rising above $2. CORE started the week around $1.3 and climbed gradually, reaching $2.7 on April 16. By the weekend, it settled around $2.1, marking nearly a $1 increase from the beginning of the week.

More detailed analyses show that CORE was trading with more than a 5% increase at the time of writing, and its market value had surpassed $1.9 billion. In the past 24 hours, meme tokens have shown a significant increase, becoming the most valuable tokens during this time frame. However, according to CoinMarketCap, only Bonk (BONK) recorded significant rises, placing it among the top three winners of the week.

BONK Price Analysis

Charts show that Bonk experienced nearly a 32% increase last week, making it the second biggest gainer. Bonk started the week at about $0.000015 and faced downtrends until it rose to approximately $0.000019 by April 20. As of the time of writing, its price continues to rise.

CoinMarketcap indicates that BONK’s market value has increased by about 40% in the last 24 hours, surpassing $1.3 billion at the time of writing. Sui (SUI), with a notable price increase of over 24.7%, was among the top three winners of the week. A closer look at the daily time frame chart for SUI reveals a series of consecutive rising trends throughout the week. The rising trend line further confirmed the consistent price increase. SUI started the week around $1.2 and finished the weekend exceeding $1.4.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 22 April, 2024 - 1:07 am 22 April, 2024 - 1:07 am
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